
TikTok building new version of app ahead of expected US sale: reports
Advertisement
The news comes as US President Donald Trump said on Friday he will start talking to China on Monday or Tuesday about a possible
TikTok deal.
He said the United States 'pretty much' has a deal on the sale of the TikTok short-video app.
TikTok has developed a plan to launch the new app to US stores on September 5, the report said.
Last month,
Trump extended to September 17 a deadline for China-based
ByteDance to divest the US assets of TikTok.
Advertisement
The report added that TikTok users will eventually have to download the new app to be able to continue using the service, although the existing app will work until March of next year but the timeline could change.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


South China Morning Post
21 minutes ago
- South China Morning Post
Quality counts as Hong Kong seeks to lure more international students
With no fewer than five universities ranked among the world's top 100, the city is definitely well positioned to nurture the ' Study in Hong Kong ' brand. Hong Kong's proximity to mainland China and long-established overseas links have further reinforced its status as an international education hub. The priority is to cast the net wider to attract the best and brightest from the mainland and overseas to work and study here. Secretary for Education Christine Choi Yuk-lin revealed that applications from non-local students had increased significantly this year, with the numbers almost doubling in some institutions. The city also tapped the opportunities arising from the United States' recent policy changes for international students; four local institutions made at least 36 offers to those affected. This outcome is encouraging. There is room to do more. There were 17,161 non-local students at public universities in 2024-25. This accounts for about 23 per cent of local student places, still short of the 40 per cent allowed. Noting that the quota is still not fully utilised and that some institutions are not yet ready for increasing their intake in terms of staffing and facilities, Choi said she believed that public universities could enrol more quality overseas students to ensure greater diversity on campuses in future. She said the universities had become more mindful of the number of overseas students compared with those from the mainland, Taiwan and Macau, in response to concerns that mainlanders accounted for more than 70 per cent of the non-local intake. But she stressed that picking the best was still the priority and that this would not be sacrificed to ensure greater diversity. Being an international education hub means the city should aim to attract the top students from different countries. Local universities should come up with more quality and up-to-date programmes, such as tech-related majors, to attract talent from around the world.


RTHK
an hour ago
- RTHK
Wall Street falls as more US tariffs are unveiled
Wall Street falls as more US tariffs are unveiled US stocks fell after US President Donald Trump announced plans for a 50 percent duty on copper and a potential 200 percent levy on pharmaceuticals. File Photo: AFP Wall Street stocks dipped on Tuesday, falling for a second straight session as US President Donald Trump added tariff threats on copper and pharmaceuticals to his broadening trade agenda. Trump announced plans for a 50 percent duty on copper imports and a potential 200 percent levy on pharmaceuticals a day after the White House sent letters to Japan, South Korea and other countries about levies from August 1. The onslaught has reinstated trade top of mind on Wall Street after attention had focused on Capitol Hill and the Middle East in recent weeks. The Dow Jones Industrial Average finished down 0.4 percent following a rollercoaster session at 44,240.76. The broad-based S&P 500 slipped 0.1 percent to 6,225.52, while the tech-rich Nasdaq Composite Index was flat at 20,418.46. In contrast to Trump's spring tariff announcements which sent equities sharply lower, the market is "somewhat shaking it off," said Victoria Fernandez of Crossmark Global Investments, who noted Trump's record of tempering tariffs that were initially severe. The market is in a "wait and see mode," Fernandez said. JPMorgan Chase and Bank of America fell more than three percent and Goldman Sachs dropped nearly two percent following downgrades from HSBC Securities. A note from HSBC called valuations of the banks "increasingly stretched." While the banks' operating fundamentals "appear healthy," macro uncertainties and slower economic growth "seem to be downplayed," it said. Boeing finished flat after announcing it delivered 60 planes in June, the most since December 2023, capping its most successful first semester in terms of planes to customers since 2018. Hershey fell 3.2 percent after naming Kirk Tanner to succeed Michele Buck as CEO. Tanner moves to the chocolate giant from the Wendy's Company, which dipped 0.1 percent. Buck had previously announced plans to retire. (AFP)


South China Morning Post
an hour ago
- South China Morning Post
China told its officials to tighten their belts. Did they go a notch too far?
This is the first story in a three-part series exploring the domestic economic challenges China faces as it navigates an unprecedented trade war with the United States. In this piece, we explore Beijing's drive to rein in wasteful government spending – and its unintended consequences. Wang, a civil servant from a small town in northeastern China, is too scared to go to restaurants these days. He even skipped his niece's wedding due to his fear of being seen at a banquet. An avid foodie, the 55-year-old used to dine with his friends once or twice a day – usually at purely social gatherings unrelated to his government job. But now, even casual meals out can cause serious problems. 'Nobody dares to stick their neck out nowadays,' said Wang, who declined to give his full name for privacy reasons. 'So I only eat at home now.' Wang is one of millions of Chinese state-sector workers who have been impacted by a government austerity drive that has sent shock waves across the country in recent weeks, hitting businesses hard and sparking concern in the corridors of Beijing The campaign started in May when the central government introduced stricter rules for civil servants and state-owned enterprise employees attending official receptions, which banned the consumption of cigarettes, liquor and 'high-end dishes'. The new guidelines were the latest in a string of measures to limit ostentatious celebrations by officials – a practice viewed as a waste of public funds and a slippery slope to corruption – that have long been a source of simmering public resentment.